FXCorrelator - Scalping system

interesting dynamics this morning .....only AUD and NZD look Bear.....

sorry i got tied up today as market was slow early london.....it warmed up a little more after 10.30 but ive been in an out

talk tomorrow
N

ok usd and yen strong today .....so anything goes selling to these ....im mainly cable (no surprises)but others also following

N

heres the week ............watch for compression as traders close out winning positions on week

probably ahead of NFPs

k these charts are the key to how i trade ......see how GBP got bull after my last post ...its positive for session after 6am GMT.....and USD is bull as well

SO WHY WOULD I STILL TRADE 2 x BULL CURRENCIES AS A PAIR TRADE ?????????

SO I STOPPED TRADING GBPUSD and went to other better pairs on the Bull usd and Yen pairs (EJ , EU , AU etc)

Dont be dumb .....use strengthmeters to watch the WHOLE market

here endeth the forex sermon......go forth and trade profitably gang !

N

NFPs were wet weekend in market ...only Cad really moved much (bull)....

ok so as we sail into the weeks sunset ive been seriously out of cable (as USD and GBP are bull today)

mainly working the Aussie and Kiwi into USD (Sells)
and Euro sells into Yen

in fact selling Australia into Japan is the best move but i like tighter spreads

have a great afternoon....Cad too lively to trade for me

N

hey all

ok bit of a lively morning ....GBP was certainly swinging around .....

im doing ok ....if i had been more aggressive on the cable buys i would be better ....but then who said it was going to swing so much ?

N

hey all -

decent USD action brings much better results to the forex daytrading table

ok slow start ......im selling cable at present ......bit tight at times .....remember I do not generally trade/trigger off 5 min charts so this is just an indication to traders of where i am

N

been buying cable from 2922's...pretty crazy so far ....i hate having to shift bias in a trading session
cable is one of the few currencies i generally need to do it on .....perhaps yen pairs at times .....
N

ok long morning .........i stayed buying from 2920s as previously stated .....tricky at times but generally ok .....Ive needed to stay in there through till now to achieve decent pippage i try to make each day

morning all

ok i deserted Cable a little today as yen has been active - EJ my main play so far

see the FXcorrelator indicators ....when the yellow line is screaming as alpha currency then you trade it ...

I would do the same for any currency on my indicators ....dont just trade your favourite ...go to where the action is !

N

ok been a long morning ......EJ only offered 1 more opportunity for buys .....and cable is tricky
N

hey all
ok im doing ok buying cable but pissed at that current stick area.....lost a scalp ...Grrrrrrrrrrrr
cable the trade at moment ......nothing interesting me elsewhere
N

someone asked me how i feel about the young generation of forex vendors and marketeers on social media
seriously ?....ive got food in the fridge thats been around longer than their experience
N

2964/65 the rebuy ...finally

20+ pips higher now and looking good .....great session !

2998 ripping it !!!!!!!!

off to gym .....ripped it today ...last run was 25+ pips or so scalp ....@ 2% per trade and averaging even a 5 pip stop max (i scalp tighter than that)............do the math .........10% of bank in 1 scalp
find your trading edge ....then execute like your life depends on it ....no prisoners ...
N

hey guys
some interesting action today ...ive chased cable up and down so far and doing ok now for pips......liking the eurobull as well
N

hey guys

I may look like i live on the cable pair ....but i will move in a heartbeat to a better trending pair if i see it ......thats why i make consistent profits ...i ride the pairs that are moving and trending better than the rest -

there are 28 pairs in the G8.....

so only ride the alphas......

and stop riding the donkeys !!!!